Kula Gold Limited’s technical team began their due diligence on the Company’s new acquisition – the historic high grade Mt Palmer Gold Mine, with a visit to the project late last week.
Kula’s Managing Director Ric Dawson led the team consisting of Senior Geologists Catherine Matus, Mike O’Mara and Gerry O’Halloran, Geologist Tatiana Andrea Suárez Chaparro and Field Assistant Jorge Cárdenas, as Kula spent two days on site exploring.
Kula’s Mt Palmer Gold Project is located near Marvel Loch, within the Southern Cross Goldfields and was last commercially mined in 1944 down to only the 6th Level (~160m) at 15.9 grams/tonne – Read the ASX Release.
News Release
Date: 11 June 2024 | ASX Code: KGD
About the Company
Kula Gold Limited (ASX: KGD) is a Western Australian mineral exploration company with expertise in the discovery of new mineral deposits in WA. The strategy is via large land positions and structural geological settings capable of hosting ~+1m oz gold or equivalent sized deposits including Lithium.
The Company is advancing projects within the WA goldfields at the Mt Palmer Gold Project and Boomerang Gold Prospect at Marvel Loch Southern Cross, the South West region of WA for Lithium and Gold at Kirup and Brunswick – near the world class Greenbushes Lithium Mine, as well Lithium at the Taliah-Nadia-Sasha Prospects at Southern Cross, and Gold and PGE at Westonia (adjacent to the producing Edna May Gold Mine – owned by ASX:RMS).
Kula discovered the large 93.3mt Boomerang Kaolin deposit near Southern Cross WA – Maiden resource announced 20 July 2022. This project is in the economic study phase and moving to PE funding or trade JV.
The Company has a history of large resource discoveries with its foundation being the Woodlark Island Gold project in PNG, (+1m oz Gold) which was subsequently joint ventured and sold to (ASX: GPR).
Contact the Company Secretary for more information – +61(08) 6144 0592 or cosec@kulagold.com.au
